Globant (GLOB) Change in Working Capital (2021 - 2025)
Globant's (GLOB) quarterly Change in Working Capital came in at $70.0 million in Q4 2025, up 71.04% year-on-year from $40.9 million in Q4 2024, and up 405.76% quarter-over-quarter from -$22.9 million in Q3 2025.
Globant (GLOB) Change in Working Capital (2021 - 2025) Analysis & Trends
Globant's Change in Working Capital history runs 5 years deep, the most recent figure standing at $70.0 million for Q4 2025.
- On a quarterly basis, Change in Working Capital rose 71.04% year-over-year to $70.0 million in Q4 2025; TTM through Dec 2025 was -$73.6 million, a 51.15% increase from a year earlier, with the FY2025 full-year figure at $70.0 million, up 71.04% from the prior year.
- Change in Working Capital rose to $70.0 million in Q4 2025 per GLOB's latest filing, from -$22.9 million in the prior quarter.
- Across five years, Change in Working Capital topped out at $70.0 million in Q4 2025 and bottomed at -$99.3 million in Q1 2022.
- The 5-year median for Change in Working Capital is -$22.9 million (2025), against an average of -$20.3 million.
- Across the five-year window, Change in Working Capital surged 563.55% in 2023 and sank 213.81% in 2024, its largest moves.
- Year by year, Change in Working Capital stood at $8.9 million in 2021, then increased by 6.92% to $9.6 million in 2022, then jumped by 563.55% to $63.4 million in 2023, then slumped by 35.42% to $40.9 million in 2024, then soared by 71.04% to $70.0 million in 2025.
- Per Business Quant, the three latest GLOB Change in Working Capital figures stand at $70.0 million (Q4 2025), -$22.9 million (Q3 2025), and -$32.3 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 203.45 Bn | 192.09 Bn | 9.91 Bn | - |
| 2 | Accenture | 94.76 Bn | 84.59 Bn | 6.13 Bn | - |
| 3 | Cgi | 61.46 Bn | 60.81 Bn | - | -128.00 Mn |
| 4 | GDS Holdings | 48.81 Bn | 46.67 Bn | 164.04 Mn | 2.42 Mn |
| 5 | Infosys | 47.98 Bn | 47.98 Bn | 1.60 Bn | - |
| 6 | Cognizant Technology Solutions | 22.55 Bn | 21.03 Bn | 1.78 Bn | - |
| 7 | Fidelity National Information Services | 22.25 Bn | 21.49 Bn | 1.11 Bn | - |
| 8 | Wipro | 20.03 Bn | 15.85 Bn | 738.00 Mn | - |
| 9 | Cdw | 17.85 Bn | 17.27 Bn | 1.19 Bn | - |
| 10 | Globant | 1.45 Bn | 1.20 Bn | 213.66 Mn | 70.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 70.01 Mn |
| Dec 31, 2025 | 70.01 Mn |
| Sep 30, 2025 | -22.90 Mn |
| Sep 30, 2025 | -22.90 Mn |
| Jun 30, 2025 | -32.28 Mn |
| Jun 30, 2025 | -32.28 Mn |
| Mar 31, 2025 | -88.43 Mn |
| Mar 31, 2025 | -88.43 Mn |
| Dec 31, 2024 | 40.93 Mn |
| Dec 31, 2024 | 40.93 Mn |
| Sep 30, 2024 | -31.82 Mn |
| Sep 30, 2024 | -31.82 Mn |
| Jun 30, 2024 | -71.65 Mn |
| Jun 30, 2024 | -71.65 Mn |
| Mar 31, 2024 | -88.13 Mn |
| Mar 31, 2024 | -88.13 Mn |
| Dec 31, 2023 | 63.39 Mn |
| Dec 31, 2023 | 63.39 Mn |
| Sep 30, 2023 | -10.14 Mn |
| Sep 30, 2023 | -10.14 Mn |